Proprietary Lease definition
Proprietary Lease. With respect to any Cooperative Unit, a lease or occupancy agreement between a Cooperative Corporation and a holder of related Cooperative Shares.
Proprietary Lease. The lease on a Cooperative Unit evidencing the possessory interest of the owner of the Cooperative Shares in such Cooperative Unit.
Proprietary Lease. With respect to a Cooperative Loan, a lease on a Cooperative Apartment evidencing the possessory interest of the Mortgagor in such Cooperative Apartment.
Examples of Proprietary Lease in a sentence
With respect to each Cooperative Mortgage Loan, each original UCC financing statement, continuation statement, or other governmental filing or recordation necessary to create or preserve the perfection and priority of the first priority lien (or, with respect to any Second Mortgage Loan, second lien) and security interest in the Cooperative Shares and Proprietary Lease has been timely and properly made.
More Definitions of Proprietary Lease
Proprietary Lease means an agreement with the association pursuant to which a member is entitled to exclusive possession of a unit in a cooperative.
Proprietary Lease means a lease on (or occupancy agreement with respect to) a Cooperative Unit evidencing the possessory interest of the owner of the Cooperative Shares or the Seller in such Cooperative Unit.
Proprietary Lease. The lease on a co-op unit evidencing the possessory interest of the owner of the Co-op Shares in such co-op unit.
Proprietary Lease means the lease on a Co-op Unit evidencing the possessory interest of the owner in the Co-op Shares in such Co-op Unit.
Proprietary Lease. With respect to any Cooperative Unit, a lease or occupancy agreement between a Cooperative Corporation and a holder of related Coop Shares. Purchase Price: $327,962,165.10 Purchaser: First Horizon Asset Securities Inc., in its capacity as purchaser of the Mortgage Loans from the Seller pursuant to this Agreement.
Proprietary Lease. With respect to any Cooperative Unit, a lease or occupancy agreement between a Cooperative Corporation and a holder of related Coop Shares. PUD: Planned Unit Development.
Proprietary Lease. With respect to any Cooperative Unit, a lease or occupancy agreement between a Cooperative Corporation and a holder of related Coop Shares. Prospectus: The Prospectus dated November 14, 2006 generally relating to mortgage pass-through certificates to be sold by the Depositor.